MOBIbucks sets up cashless payment services in Jordan
Dubai, March 27, 2014
MOBIbucks, a leading mobile payments technology company, has completed a project for the integration of the Middle East Payment Services (Meps), a consortium of seven Arab banks providing payment processing services in the Middle East, to the Central Bank of Jordan.
The move will open a new chapter of electronic payments for consumers in Jordan following the authorisation of the integration by the Central Bank of Jordan, said a statement.
Ziad Alshobaki, MOBIbucks managing director, said: “Jordan is a great candidate to top Arab countries in the highest rates of penetration of cashless payment services. This integration will let consumers in the kingdom avail themselves to an innovative cardless and cashless payment service.”
“The integration will enable more consumers to benefit from MOBIbucks innovative solutions, which enable consumers to make everyday purchases using just a mobile phone number, without the need for cash, card or even for the mobile phone to be in the user's possession at the time of the purchase.”
“Upon the completion of this challenging project with Central Bank of Jordan, Meps will offer the MOBIbucks mobile payment solution to end users, banks, as well as to businesses, such as restaurants, fast food outlets, and coffee shops.”
MOBIbucks is a system with a wide variety of functionalities that will be used by consumers for such things as frequent low-value purchases, person-to-person (P2P) payments and money transfers.
“Meps is laying the foundation to empower consumers in Jordan with the most innovative and contemporary method for doing payment transactions,” said Alshobaki.
Meps offers payment management services to banks and facilitates payment for other businesses, such as hotels, restaurants, travel and tourism agencies, car rental, hospitals and a variety of shops in Jordan, Iraq and Palestine. It is owned by a number of Jordanian banks.
MOBIbucks’ mobile payments and mobile marketing solutions are based on a patent-pending cloud-based technology platform. - TradeArabia News Service